
Sold May 18, 2026
$165,000There’s a certain kind of waterfront property that does more than offer a place to build—it creates the backdrop for an entirely different pace of life. This Gulf access homesite along the Penelop Canal in Unit 61 offers that rare combination of immediate enjoyment and long-term opportunity, with approximately 80 feet of waterfront and a spacious 125-foot depth that gives you room to design a home tailored to the way you truly want to live. Here, the water naturally becomes part of your daily routine. Imagine stepping from your future lanai to your boat in just moments, with the freedom to head out for a sunrise cruise, a spontaneous afternoon on the islands, or a full day exploring the Gulf waters. From this location, destinations like Cayo Costa, Cabbage Key, Boca Grande, and Sanibel are all within easy reach, making waterfront dining, fishing adventures, and quiet beach escapes feel effortlessly accessible. One of the most underrated features of this property is its eastern rear exposure—a setting many waterfront buyers grow to appreciate more with time. Mornings begin with soft sunlight shimmering across the canal, creating a calm and welcoming atmosphere, while afternoons bring a more comfortable outdoor environment with natural shade over your future pool and lanai area. It’s the kind of orientation that supports relaxed outdoor living year-round without the harsh intensity of direct western heat. The location also places you near one of Cape Coral’s most exciting future developments. Situated roughly a mile from the highly anticipated Seven Islands project, this area continues to attract attention as new construction and infrastructure reshape the surrounding corridor. With plans for marina access, waterfront dining, recreation, entertainment, and gathering spaces, Seven Islands is expected to further elevate both lifestyle appeal and long-term value throughout Northwest Cape Coral. Beyond the boating lifestyle, everyday conveniences remain close at hand. A championship golf course sits just a few miles away, along with expanding shopping and dining options throughout the area. Travel is equally convenient, with Punta Gorda Airport approximately 20 miles away and Southwest Florida International Airport within about 30 miles. More than just vacant land, this property offers the opportunity to create something deeply personal—a home where mornings begin with reflections dancing on the water, afternoons unfold at a slower pace, and boating becomes woven into everyday life. As the surrounding area continues to grow and evolve, this homesite offers not only a beautiful setting for today, but also a meaningful investment in what’s still to come.
Listing last checked: Listing updated:
Listed by Judy Sylvia · RE/MAX Realty Team · MLS #2026020931
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Listing annual taxes: $1,911. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
$60,000 · Sold $60,000 · Nov 15, 2016
$49,900 · Sold $49,900 · Apr 12, 2013

Sold May 18, 2026
$165,000
Sold Apr 20, 2026
$150,000
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$165,000Continue your search in Cape Coral.
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